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Carrington Launches New Interest-Only Product Offering

NationalMortgageProfessional.com
Jul 17, 2019
Carrington Mortgage Services has announced LoanScorecard’s non-agency AUS, Portfolio Underwriter, as its non-QM pricing & scenario tool

Carrington Mortgage Services LLC (CMS) has introduced its Interest-Only Product Enhancement, expanding CMS’s collection of non-agency products offered through all loan origination channels, which include wholesale, retail and correspondent lending.
 
“Carrington’s Interest-Only Product Enhancement is the latest entry to our product offerings for borrowers, brokers and correspondent sellers,” said Ray Brousseau, president of CMS. “Interest-Only adds yet another level of flexibility to our industry-leading products.”
 
Carrington’s Interest-Only Product Enhancement is the latest addition to CMS’s product offerings that include conventional Fannie Mae and Freddie Mac products, FHA, VA and USDA products and Carrington’s proprietary Flexible Advantage non-agency programs. Continuing to expand its broad spectrum of loan products demonstrates Carrington’s ongoing commitment to underserved borrowers.
 
“At Carrington we have continuously met the market demands for changes in the non-agency lending space,” said Greg Austin, executive vice president of wholesale and correspondent lending for CMS. “As we work to provide a complete suite of non-agency programs, our Interest-Only option is another essential product for qualified borrowers.”
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